“the Australian grains industry has recognised they need a transformative shift. we think india’s tech hub could have the answer”
Aussie grain farmers need climate-smart solutions. Fast. Have you got the next breakthrough?
Australian grain farmers have a long history of adapting to a challenging climate. Perseverance, a love of the land, and a willingness to try new approaches and technologies have helped the sector maintain steady yields despite acute challenges. Since the early 1990s, drought and other factors have caused a 27 % drop in yield rates. While tenacious problem-solving and best-practice have got industry over the line, the sector needs innovation - fast. As a leading global producer of grains such as wheat, Australia has to adapt quickly if it is to maintain steady growth and keep pace with global demand. This bilateral partner is ripe for an injection of ideas from India’s booming tech and startup ecosystem. Have you got a breakthrough that will help #feedthefuture? Bring it down under. Expand your market. Help shore-up global food security.
Birchip Cropping Group (BCG) and FarmLink (Challenge Partners), with Beanstalk, highlight that the key priority challenges for the broadacre grains industry at large is around climate variability and adaptation. Alongside BCG and Farmland, Grains Research and Development Corporation (GRDC) has joined the Graft Aus-India program as a Lead Challenge Partner. This is an exciting opportunity to raise the profile of this program and its focus on tackling climate resilience through agricultural technology and in particular leveraging insights from AgTech scaleups that will be participating from India and Australia.
The Challenge Partners will handpick those companies of the highest likelihood to create value for industry and to scale.
Be given the chance to grow your Indian company into a new market and feed the future
Get direct-line access to local partners, industry, government and investors
Validate, test and scale your product
Structured pathway that provides opportunities to:
Assess market readiness for your offering in Australia
Localise product for the Australian market
Set up a local trial
Initiate partnerships with corporates and government
CRITERIA AND EXPECTATIONS OF SELECTED COMPANIES
The company has launched a product and is generating revenue, prior investment is a plus
Validated and proven business and distribution model that can be translated to the Australian market
Willingness to invest time and resources to enter the Australian market
A senior member of the executive team (C-level or Founder) must be present during the in-market programming (late-September to mid-October) for a minimum of two weeks
Meetings should be planned in advance of the trip
Post-trip report to be completed within 1 month of the trip
I’m an Indian scale-up with a game changing technology for the Australian market
FREQUENTLY ASKED QUESTIONS
WHEN IS THE PROGRAM HAPPENING?
Virtual Pre-trip Workshop: Early September - Mid OctobeR
10 day in-country program: 21st – 30th October 2019
2. WHAT SHOULD I EXPECT FROM PROGRAM?
The program will give you your startup the opportunity to discover the challenge space directly from farmers in Australia. You will have access to mentors, investors, industry leaders and corporates to allow you to gain a strong footing and initial traction in the Australian market.
3. WHAT IS THE OBJECTIVE OF THE 10 DAY SPRINT?
Spend 10 days traveling across state in Victoria and New South Wales to meet and stay with farmers. Along the way, gain insight on the Australian agricultural sector and connect with networks from industry with the ultimate goal of validating product market fit and gaining clarity on your strategic market entry approach.
4. IS THERE A COST TO PARTICIPATE IN THE PROGRAM ?
We don’t want excessive cost to be a prohibiting factor and hence the majority of the program expenses are covered by our generous sponsors. We believe it is important that you make a small contribution so that you and your cohort have some skin in the game. You will be expected to cover your own flights and make a $1,500 contribution which will cover the cost of the the 10 day in country program travels, accommodation and most meals. We advise you expect a small budget to cover a few meals and any discretionary out of pocket expenses.
5. IS THERE A MONETARY REWARD FOR THIS PROGRAM?
There is no monetary reward associated with program, as the program is focused on business opportunities and market access.
6. WHAT IS THE SELECTION/ EVALUATION CRITERIA?
Existing traction and proven month-on-month growth
Proven business model with a high factor of transferability to Australia
Prior Venture Capital (VC) investment with runway for Australia market entry, if not covered by existing revenue
Ambitious and committed team entering the Australian market
Readiness to engage in PoCs and partnerships
7. WHAT IS THE APPLICATION PROCESS AND HOW SHOULD I SUBMIT THE APPLICATION?
Once you submit your application, a Beanstalk team member will contact you if there are any questions or if more information is required. Applicants that reach the final stage of evaluation will have their mentors consulted by our evaluation team. Once your company has been selected to participate, you must sign Program Agreements/Terms and Conditions with both T-hub and Beanstalk.